IFIS releases H1'2010 Global Sukuk Market Report
Zawya
IFIS coverage is comprehensive and global, covering all news, research, analysis, ratings, regulations and events related to Islamic Finance. ...
Turkey: Taking a Risk Weighted Approach in Islamic Finance
Islamic Finance News
Turkey is the sixth largest Muslim country by population. Although the country has a secular government, the majority of the population is considered to be devout and practicing Muslims.There are currently over 70 million Muslims in Turkey, representing a tremendous opportunity for both local and global Islamic financial institutions...
Lebanon — A Truly Regional Opportunity
Islamic Finance News
The central bank of Lebanon, Banque du Liban (BDL), passed the first Islamic banking regulations in 2004, ushering in the era of fully functional Islamic banks and investment companies. The minimum capital requirement for Islamic banks is US$100 million, but many Islamic banks in the country operate under a special exception that allows the banks to post only US$20 million in capital...
Islamic finance in the United States: A small but growing industry
Chicago Fed Letter
The Federal Reserve Bank of Chicago has recently pursued a series of projects examining various aspects of immigrants’ participation in the U.S. financial system. In this Chicago Fed Letter, we explore the demand for and the availability of financial products for Muslims who adhere regulations. We identify three types of entities that offer Islamic financial products and services: financial entities, nonprofits, and for profit wholesalers and consultants. Drawing largely on interviews with regulators, practitioners, and experts in the field, we find that the few financial entities that offer formal Islamic finance in the United States are often motivated by strong grassroots demand in their local service areas...
Islamic Finance: A Growing Industry in the United States
The Islamic financial industry, which is governed by Shari’ah law, the divine law as revealed in the Koran and the teachings of the Prophet Muhammad, has experienced considerable growth since its development in the 1970s. There are now at least 265 Islamic financial institutions operating in approximately forty countries, with total assets topping $262 billion and deposits over $202 billion. Over the past few years, Western institutions have become increasingly involved in Islamic financing so that it is no longer exclusive to Middle-Eastern institutions...
Islamic Finance in North America 2009
Yasaar Media
The Islamic financial industry has grown rapidly across many parts of the world and has expanded outside Muslim majority countries like Malaysia and the countries of the Gulf Cooperation Council (GCC) into areas of the west like the United Kingdom, Germany, Japan and North America. However, the growth in North America, Canada and the United States, differs from its growth in other areas of the world in the primarily retail focus of the products receiving the most attention. In many cases, Islamic financial products were developed in response to the demands of Muslim communities within the two countries rather than from developments within the broader financial markets...
Sukuk Sales May Narrow Persian Gulf Yield Gap: Islamic Finance
BusinessWeek
18, according to the HSBC/NASDAQ Dubai GCC US Dollar Sukuk Index. The similar yield on the HSBC dollar sukuk index, made up of Islamic notes from Saudi ...
Ethica backs G20 Islamic finance summit
Trade Arabia
Stephen Ranzini, CEO of US-based University Bank, cited his own experience in marketing Islamic finance products to conventional customers. ...
Opening Remarks at the 6th World Islamic Economic Forum
By Embassy of Indonesia
But it is fast growing. And it is growing not only in the Islamic world. London is a service centre for Islamic finance. Investors in Islamic financial products are growing in number in China and the United States. ...